Ativo Capital Management LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,478 shares of the technology company’s stock, valued at approximately $2,234,000.

A number of other institutional investors have also recently made changes to their positions in CHKP. Acrospire Investment Management LLC boosted its stake in Check Point Software Technologies by 150.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after purchasing an additional 600 shares in the last quarter. Fiduciary Trust Co. bought a new position in Check Point Software Technologies in the 2nd quarter worth about $145,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Check Point Software Technologies by 1.4% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after purchasing an additional 20 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Check Point Software Technologies by 10.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after purchasing an additional 146 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Check Point Software Technologies by 13.9% in the 1st quarter. Parallel Advisors LLC now owns 1,654 shares of the technology company’s stock worth $173,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 67.82% of the company’s stock.

A number of equities analysts recently issued reports on CHKP shares. BidaskClub cut shares of Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Piper Jaffray Companies set a $108.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 25th. Cowen and Company reiterated a “buy” rating and issued a $113.00 price target on shares of Check Point Software Technologies in a research note on Friday, September 8th. Citigroup Inc. upped their price target on shares of Check Point Software Technologies from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, May 25th. Finally, Evercore ISI set a $100.00 price target on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 11th. Seventeen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $110.64.

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Check Point Software Technologies Ltd. (CHKP) traded up 0.58% during midday trading on Tuesday, reaching $113.56. 192,337 shares of the company traded hands. The firm has a 50-day moving average of $109.04 and a 200-day moving average of $107.61. Check Point Software Technologies Ltd. has a 1-year low of $74.34 and a 1-year high of $116.63. The stock has a market capitalization of $18.55 billion, a P/E ratio of 25.20 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The firm had revenue of $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies Ltd. will post $5.18 earnings per share for the current year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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